Nisa Investment Advisors LLC Sells 618 Shares of Sealed Air Corporation (NYSE:SEE)

Nisa Investment Advisors LLC decreased its position in shares of Sealed Air Corporation (NYSE:SEE) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,085 shares of the industrial products company’s stock after selling 618 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sealed Air were worth $725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sealed Air in the fourth quarter valued at approximately $27,000. North Capital Inc. bought a new position in Sealed Air in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. lifted its stake in Sealed Air by 89.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company’s stock valued at $51,000 after buying an additional 712 shares in the last quarter. CX Institutional bought a new position in Sealed Air in the first quarter valued at approximately $52,000. Finally, Jones Financial Companies Lllp lifted its stake in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company’s stock valued at $53,000 after buying an additional 778 shares in the last quarter. Institutional investors own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Mizuho boosted their price objective on shares of Sealed Air from $34.00 to $37.00 and gave the stock an “outperformer” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Raymond James Financial boosted their price objective on shares of Sealed Air from $36.00 to $39.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.27.

Sealed Air Price Performance

Shares of SEE opened at $31.01 on Wednesday. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.90 and a beta of 1.35. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85. The company’s fifty day simple moving average is $31.79 and its 200 day simple moving average is $31.30. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26.

Sealed Air (NYSE:SEE) last announced its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. Sealed Air’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.58%. Sealed Air’s dividend payout ratio is 39.60%.

Sealed Air Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.